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大行評級|里昂:預計鋰價將繼續承壓 下調贛鋒鋰業目標價至18.4港元
格隆匯 07-22 12:48
里昂發表研究報吿指,全球鋰化學品供應持續上升,同時需求未見反彈,預期未來6個月仍缺乏催化劑,將繼續對價格構成壓力,雖然預期贛鋒鋰業第二季盈利能力具有一定韌性,但預期定價壓力是盈利前景的主要風險因素,因此下調2024至2026年碳酸鹽價格預測,並將該公司盈利預測下調52%、30%及16%。里昂現時對下游需求走勢保持樂觀,並維持贛鋒鋰業出貨量預測,不過就將今明兩年鋰化學品價格預期下調17%及29%,碳酸鹽每噸價格預測從12萬及14萬元,降至10萬元,鋰化學品售價下限預測為8萬至9萬元。該行相應地將贛鋒鋰業的目標價由26.7港元下調至18.4港元,評級從“跑贏大市”下調至“持有”。
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